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Ho Chi Minh City has approved adjustments to the investment policies for the Can Gio Bridge and Phu My 2 Bridge, both implemented under public-private partnership (PPP) arrangements via BT contracts. The changes were approved at the third session of the Ho Chi Minh City People’s Council for the 2026-2031 term, as the city updated the land funds used to settle BT payments.
For the Can Gio Bridge, the city will use two centrally located land parcels valued at more than 7,500 billion VND to settle payable amounts. The total land-for-payment value is set at more than 7,533 billion VND, with the land fund accounting for approximately 69.65% of the BT contract value for the Can Gio Bridge component (about 10,816.13 billion VND).
Under the revised plan, the city will use only two plots:
The remaining amount—about 3,738 billion VND—will be paid from the city budget after the land fund is used to fulfil payment obligations.
The Can Gio Bridge design plan is a PPP-BT project with total investment of around 13,349.13 billion VND, including interest during construction. This represents an increase of 148.13 billion VND compared with the previously approved investment policy.
The project is divided into two components:
Previously, the land-for-payment plan proposed three plots with a total value of about 9,773 billion VND (plots 8-12 on Le Duan Street, plots 2-4-6 on Hai Ba Trung Street, and plot 152 Tran Phu). After review, plot 152 Tran Phu was removed from the payment list, reducing the total land-for-payment amount by about 2,240 billion VND.
The city said the adjustment is based on updated market land values and projected price fluctuations during project implementation. The stated aim is to ensure efficient management and use of public assets and to prevent budget leakage.
For the Phu My 2 Bridge, the land fund to be paid is estimated at about 15,911 billion VND, with subsequent adjustments raising the estimated land-payments value to about 22,980.85 billion VND. The project is a flagship transport link between southern Ho Chi Minh City and Nhon Trach and Long Thanh Airport in Dong Nai.
The investor group proposed revised land-payment options including Savimex land (Phu Thuận ward), plot 152 Tran Phu, plot 420 No Trang Long, and lots 4.13 and 4.14 Thao Dien, with total value around 15,912 billion VND. Changes to the land-payment plan then increased the estimated land-payments value to about 22,980.85 billion VND.
The Phu My 2 Bridge project’s total investment is around 21,831.92 billion VND, including interest during the construction period. The adjustments to the land-payment framework increased the state capital value after land payments.
The bridge is planned to start at Nguyen Huu Tho Street in Ho Chi Minh City and end at Liên Cảng Road in Dong Nai. The full length is about 6.64 km, including roughly 4.6 km in Ho Chi Minh City and 2.04 km in Dong Nai.
The bridge is planned to have 8 lanes and corresponding technical infrastructure, with completion targeted for 2029.
Both projects began construction earlier this year under PPP-BT arrangements. The Phu My 2 Bridge is described as a critical transport project intended to link the southern part of Ho Chi Minh City with Nhon Trach and Long Thanh Airport, reduce congestion at the existing Phu My Bridge, National Highway 1, National Highway 51, and the Ho Chi Minh City–Long Thanh Expressway, cut logistics costs, and support regional competitiveness.
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